Equinox Gold vs Franco Nevada
Equinox Gold and Franco Nevada are similar in size: $1.82bn and $1.82bn of revenue in their latest fiscal years. Equinox Gold grew faster (99.1% against 63.7%). Franco Nevada kept more of each dollar of sales as profit: a net margin of 61.0% against 12.2%. Franco Nevada carries less debt relative to equity (0.0% against 26.8%).
| Latest fiscal year | Equinox GoldEQX, 2025 | Franco NevadaFNV, 2025 |
|---|---|---|
| Revenue | $1.82bn | $1.82bn |
| Revenue growth | 99.1% | 63.7% |
| Net income | $221m | $1.11bn |
| Operating margin | 23.8% | 74.3% |
| Net margin | 12.2% | 61.0% |
| Return on equity | 4.8% | 16.3% |
| Free cash flow | $126m | $1.49bn |
| Cash | $430m | $671m |
| Total debt | $1.55bn | $0 |
| Debt to equity | 26.8% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $6.27bn | $43.55bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |